Rating Agencies

Credit ratings are assigned to sovereigns and businesses by international credit rating agencies. A credit rating measures the relative risk that an entity (Government or company) will fail to meet its financial commitments, such as interest payments and repayment of principal, on a timely basis.

These relative risks are mapped into discrete rating notches that are expressed in terms of alphabetic identifiers. For example, from the most creditworthy to the least, Fitch and S&P use AAA, AA, A, BBB for investment grade long-term credit risk, and BB, B, CCC, CC, C, and D for non-investment grade long-term credit risk. The long-term foreign-currency rating is the most commonly used by investors and analysts. In the following table users can find the updated credit rating for long-term Uruguayan bonds.

Agencia Moneda extranjera / Largo Plazo Moneda Local / Largo Plazo Perspectiva Última Actualización de la Calificación
DBRS  BBB (low) BBB (low) Estable Enero 2020
FitchRatings BBB- BBB- Negativa Febrero 2020
Moody´s Baa2 Baa2 Estable Agosto 2019
R&I BBB - Positiva Febrero 2020
S&P BBB A-2 Estable Abril 2020

Latest Reports and Releases

Standard and Poors

Moody's

Fitch Ratings

DBRS

Rating and Investment

 

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Sovereign Debt Management Unit

Ministry of Economy and Finance of Uruguay
Colonia 1089 Tercer Piso CP 11100 Montevideo - debtinfo@mef.gub.uy

Última Actualización: 24/09/2020